01/20/2009 The Day Obama Took Office
Debt held by the public: 6,307,310,739,681.66
Intragovernmental holdings: 4,319,566,309,231.42
Total public debt outstanding: 10,626,877,048,913.08

05/04/2009 Today
Debt held by the public: 10,913,690,789,940.87
Intragovernmental holdings: 4,758,225,566,670.49
Total public debt outstanding: 15,671,916,356,611.36

The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government less Federal Financing Bank securities. Types of securities held by the public include, but are not limited to, Treasury Bills, Notes, Bonds, TIPS, United States Savings Bonds, and State and Local Government Series securities.

Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds; and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts.

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11 responses to “Before Obama vs After Obama”

I’m a little confused by the numbers in the graph above… I think the total national debt when Obama was sworn in was $10.6 Trillion. But it is definitely worth comparing the deficit spending (new debt created) under Obama as compared to Bush…

Go to Debt to the Penny, and search on the periods
1/20/2001 – 4/20/2004 and
1/20/2009 – 4/20/2012.

Deficit spending (increase in total national debt for George W. Bush in his first 3.25 years in office =
Total Debt on 4/20/2004 – Total Debt on 1/20/2001 =
$7,141,785,769,842.52 – $5,727,776,738,304.64 =
$1,414,009,031,537.88 ($1.414 Trillion)

Deficit spending (increase in total national debt for Barack Obama in his first 3.25 years in office =
Total Debt on 4/20/2012 – Total Debt on 1/20/2009 =
$15,617,358,530,369.93 – $10,626,877,048,913.08 =
$4,990,481,481,456.85 ($4.990 Trillion)

In his first 3.25 years that President George W. Bush was in office, the total national debt grew by $1.414 Trillion.

In his first 3.25 years that President Barack H. Obama was in office, the total national debt grew by $4.990 Trillion.

The rate at which the national debt grew under Obama is MORE THAN 3.5 TIMES the rate at which the national debt grew under George W. Bush for the comparable time period!

I haven’t been to HB in eons myself. Glad you found me … us! PoliNation is a real community garden with, I think at last count, what … 15 people with administrative access? I love that. Nobody to dictate what can and cannot be said. We work together and we make it work. I am So Proud to be a part of it. :)

Chrissy,
I like how you changed the post above. It’s also worth noting what things looked like on January 3, 2007, when Obama, Biden, Pelosi, Reid, and the rest of the Democrats in Congress took majority control of the House, Senate, and therefore majority control of the budgeting and spending process.

Comparing National Debts

01/03/2007 The Day Democrats Took Majority Control
Debt held by the public: 4,906,387,642,060.28
Intragovernmental holdings: 3,770,826,613,252.79
Total public debt outstanding: 8,677,214,255,313.07

01/20/2009 The Day Obama Took Office
Debt held by the public: 6,307,310,739,681.66
Intragovernmental holdings: 4,319,566,309,231.42
Total public debt outstanding: 10,626,877,048,913.08

05/04/2009 Today
Debt held by the public: 10,913,690,789,940.87
Intragovernmental holdings: 4,758,225,566,670.49
Total public debt outstanding: 15,671,916,356,611.36

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What’s shocking to me is that in just 5 and 1/3 years, the Democrats have increased the Debt held by the public from $4.9 Trillion to $10.9 Trillion. Much of that debt is held by China, and they have more than doubled it! It’s truly shocking!

Dangerous and obviously impacting our oh-so-compassionate Democratic leadership’s ability to look down their noses at human rights violations in China. I remember Hillary being just SHOCKED that Bush wasn’t Doing More about that back in the day. Now, it’s her pandering to them. If it weren’t so frightening, it would be like those awful dead baby and dead cat jokes. You know, sick but funny.

One thing gives me some hope and that was Newt’s speech about what really tapping our domestic energy reserves would do to our economy. If his numbers were right, we could be out of debt in a fairly short time! But only if we DRILL and FRACK starting like NOW. We can’t LOSE in November. We just can’t.

““For my thoughts are not your thoughts, neither are your ways my ways,” declares the LORD. “As the heavens are higher than the earth, so are my ways higher than your ways and my thoughts than your thoughts.”